TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Tax Cut Act

1 reply
41 views

Do I write off 100% of business purchases for $2500 or under in 2025 under the Big Beautiful Bill starting tax year 2025 or 2026?

What other business tax write offs effective tax year 2025 under the Big Beautiful Bill?

Ask the Experts - Beautiful - Aug 2025

Level 4

Yes you can still expense purchases under $2500 in 2025. The OBBBA impacts several business write-offs. It permanently restores 100% bonus depreciation for qualified property placed in service after January 19, 2025, allowing immediate expensing. Changes also affect the Qualified Business Income (QBI) Deduction, Section 179 Expensing, and immediate expensing for domestic Research & Experimental (R&E) Costs.